Most Popular Compliance Content
Paying Preferential, Unadvertised Rates
04/30/2023
With our Money Market account, we would like to pay higher rates on some accounts to allow us to retain top clients. The rate may vary depending on the customer relationship. We would not be advertising these rates. Would there be any compliance concern with this practice?
Overdraft programs, strategy, and fair and responsible banking.
04/30/2023
Is your FIs strategic plan rely heavily on Overdraft programs and the fees they generate?
HMDA data must be scrubbed
04/30/2023
I read about HMDA data problems with Freedom Mortgage. What was the real issue?
OFAC and a Deposit Beneficiary
04/23/2023
Should an OFAC be run on the beneficiary of a savings or checking account?
Requirement to Verify a Beneficiary
04/23/2023
Are there any specific requirements that we verify that a beneficiary is a natural person, charitable organization, or other non-profit entity for purposes of complying with 12 CFR 745.4(c)&(d) - beneficiary of a trust?